Annual Financial Report

RNS Number : 5700K

Rockhopper Exploration plc

26 June 2014

 



Rockhopper Exploration plc ("Rockhopper" or the "Company")

Posting of 2014 Annual Report

Further to the announcement of 6 June 2014, Rockhopper Exploration plc (AIM: RKH) confirms that its Report and Accounts for the year ended 31 March 2014 is now available on the Company's website at www.rockhopperexploration.co.uk. Hard copies have also been posted to those shareholders who elected to receive them.

The documentation and details of the arrangements for the Annual General Meeting, which is scheduled to be held on Monday, 15 September 2014, will be dispatched in due course.

Ends.

Enquiries:

Rockhopper Exploration plc (via Vigo Communications)

Tel: [phone]

Sam Moody - Chief Executive

Stewart MacDonald - Chief Financial Officer

Canaccord Genuity Limited (NOMAD and Joint Broker)

Tel: [phone]

Henry Fitzgerald-O'Connor

Liberum Capital (Joint Broker)

Tel: [phone]

Clayton Bush

Vigo Communications

Patrick d'Ancona 0207 016 9573

Peter Reilly 0207 016 9571

Notes to Editors:

Rockhopper was established in February 2004 with a strategy to invest in and carry out offshore oil exploration to the north of the Falkland Islands. The Company floated on AIM in August 2005.

An extensive work programme was carried out over a number of years on the licences operated by Rockhopper. This has included 2D and 3D seismic and controlled source electromagnetic mapping. In February 2010, the Ocean Guardian drilling rig arrived in Falkland waters to carry out a multi-well drilling campaign. Rockhopper drilled an exploration well on Sea Lion during April and May 2010, the result of which was the first oil discovery and Contingent Resource in the North Falkland Basin. The Sea Lion discovery well was successfully tested during September 2010 and resulted in the first flow of oil to surface in Falkland Islands waters. Rockhopper's drilling campaign lasted from 16 April 2010 to 8 January 2012. Of the ten wells drilled, seven were successful, with three oil discoveries, three gas discoveries, multiple successful Sea Lion appraisal wells and a successful appraisal well on Casper.

In October 2012 Rockhopper completed a farm-out agreement with Premier Oil plc, whereby Premier Oil acquired 60% of Rockhopper's interests in its North Falkland Basin licences.

In October 2013 Rockhopper agreed with Falkland Oil and Gas to farm-in to licences PL004a and PL004c increasing the Company's interest in those licences to 24%.

Rockhopper currently has a 40% interest in licences PL032 and PL033 and a 24% interest in licences PL004a, PL004b and PL004c, all of which are operated by Premier Oil. PL004b contains the extension to the Sea Lion Field as well as the Beverley, Casper and Casper South discoveries. Rockhopper also has a 3% interest in PL003, operated by Falkland Oil & Gas.

Rockhopper Exploration plc www.rockhopperexploration.co.uk

 

END

 

 

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